OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Memorized Transactions in QuickBooks – What Options Do I Have?
December 15, 2012 by Ed Becker
Most users of QuickBooks have heard of memorized transactions as a way to save time and effort. These functions are a great way to simplify usage of QuickBooks and when set up correctly can be used for a variety of functions (bills, invoices, deposits, debit card activity, journal entries, etc). I have guided many of […]
How Long Should I Keep My Records?
December 10, 2012 by Ed Becker
As a follow up to my post on How Long Should I Keep My Accounting Records?, I am still receiving many questions on this topic. This post will hopefully clarify some of your questions and provide more insight for our clients and followers. Here are some sample examples and timelines for record retention. Each person’s situation […]
Public Relations Approaches for A Small Business
December 6, 2012 by Ed Becker
Here are 4 tips for the small business owner who may not have the resources (time or money) to engage a PR firm. Public relations can be very expensive, but as outlined in the Intuit post linked to below, there are some simple steps you can implement. Intuit recommends: Contribute to trade publications. Pitch trend […]
How To Update A Memorized Transaction in Quickbooks
November 17, 2012 by Ed Becker
Many QuickBooks users use memorized entries to save time with daily tasks. Our consultants at OSYB are always looking for opportunities to implement a memorized transaction for this reason. If you can save key strokes, you can save time, and who couldn’t use a little time in his or her busy day? As a reminder, […]
You Can Help Employees Hit By Hurricane Sandy-Tax Break.
November 13, 2012 by Ed Becker
As a small employer located on Long Island the devastation and impact on people’s lives here can not be explained in words. The goodness in people is abundant everywhere you look, neighbors taking in neighbors, charities being created, food and clothing centers springing up over night, and now the time for employers to step in […]
What Size CPA Firm Is Best for My Business?
October 31, 2012 by Ed Becker
As your business starts to expand, the need for expertise from an outside advisor, either a CPA or accounting services firm, becomes more critical. You can no longer piece together your accounting records once at the end of the year and know what is going on with your business. You need useful, accurate information every […]
Should I Hire a Payroll Service or Do it Myself?
August 22, 2012 by Ed Becker
Unless you are a payroll expert, we strongly recommend using a payroll service. Here’s why: A small business owner who is concerned about growing his or her business doesn’t have the time to keep up with the rules & regulations of payroll, especially in a multi-state environment. Yes, all new businesses are concerned about the cost of a […]
My Business Has Cash, Why Aren’t We Profitable?
August 7, 2012 by Ed Becker
Many small business owners do not understand the key difference between cash and profitability. How are these two critical financial barometers different? Cash Flow Cash flow is the money that flows in and out of the company. It is the money used in normal operations (day to day functions), financing activities (purchase of new machinery), […]
